Posts by Mark Darwin
Nvidia’s Jensen Huan asked SK Hynix to bring forward supply of HBM4 chips by six months, SK’s chairman says
NVIDIA CEO Jensen Huang had asked memory chip maker SK Hynix to bring forward by six months the supply of its next-generation high-bandwidth memory chips called HBM4, SK Group chairman Chey Tae-won said on Monday (Nov 4). SK Hynix said in October that it aimed to supply the chips to customers in the second half…
Read MoreHot stock: Genting Singapore shares rise nearly 2% after RWS casino chief steps down
The announcement comes months after MacDonald said he was issued a persona non grata notice, which banned him from Marina Bay Sands’ premises SHARES of Genting Singapore were heavily traded on Monday (Nov 4) morning after it announced that Andrew MacDonald, chief casino officer and director at Resorts World Sentosa (RWS), has stepped down. The…
Read MoreGold steadies as investors brace for US election and potential rate cuts
GOLD prices held steady on Monday (Nov 4), as investors prepared for a crucial week for the global economy, marked by the US presidential election and the likelihood of further interest rate cuts. Spot gold edged up by 0.1 per cent to US$2,738.29 per ounce, as at 0012 GMT. Bullion hit a record high of…
Read MoreSPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
THIRTY-FOUR or 10 per cent of SPH Media’s employees in its tech division across teams and ranks will be cut as the group aims to remain competitive and sustainable amid the changing media landscape. In a Monday note to staff, chief operating officer Loh Yuh Yiing and chief technology officer (CTO) Kaythaya Maw said the decision was…
Read MoreBlackstone in advanced talks to acquire shopping centre owner Retail Opportunity: sources
BLACKSTONE is in advanced talks to acquire Retail Opportunity Investments Corp (Roic), which owns US shopping centres and has a market value of US$3.4 billion including debt, according to sources familiar with the matter. If the talks are successful, a deal could be finalised in the coming weeks, the sources said, requesting anonymity as the…
Read MoreChinese solar firms, ever-nimble, go further afield where US tariffs don’t reach
SOME of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of United States trade tariffs targeting it and three other South-east Asian countries. Meanwhile, in nearby Indonesia and Laos, a slew of new Chinese-owned solar plants are popping up, out of the reach of…
Read MoreAustralian lender Westpac sees solid credit demand in 2025, posts 3% annual profit fall
AUSTRALIA’S Westpac Banking on Monday (Nov 4) reported a fall in annual profit, and said it expects solid demand for housing and business credit in 2025 as the country’s central bank looks to shift to an easing stance. “Some central banks have shifted to an easing cycle and the RBA (Reserve Bank of Australia) is…
Read MoreBuffett keeps cutting Apple stake, with value down 60% this year
BERKSHIRE Hathaway’s continued sales of Apple shares in the third quarter left the conglomerate’s stake at a fraction of its size at the start of the year. Berkshire cut its holdings in the iPhone maker by roughly 25 per cent in the period, after slashing it by almost half in the second quarter. Apple’s shares…
Read MoreAsean gains in the near term amid US-China tensions, but beware of escalations: MAS’ Chia Der Jiun
A key risk is a rapid increase in protectionist policies, which will negatively impact global growth and inflation tariffs, the managing director warns THE South-east Asia region has benefited in the near term from a shift in trade and investment flows, amid growing geopolitical tensions globally. But Chia Der Jiun, managing director of the Monetary…
Read MoreGreenback rebounds against most major units after weak jobs data; traders eye US election
THE US dollar rose against the euro and rebounded against most major currencies on Friday (Nov 1) after traders digested data showing US job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers. Non-farm payrolls rose by 12,000 jobs after a downwardly revised 223,000 in September, the Labor…
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